4 Locations Unique Sports Bar And Restaurant with Real Estate

Denton County, TX

4 Locations Unique Sports Bar And Restaurant with Real Estate
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Asking Price: Get Financing: $12,100,000

Cash Flow: $1,352,086

Gross Revenue: $7,718,538

EBITDA: N/A

FF&E: $500,000

Inventory: $160,000*

Real Estate: $9,300,000

Established: 2012

*not included in asking price.

4 Locations Unique Sports Bar And Restaurant with Real Estate

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Business Description

Prime 4-location sports bar with a unique concept catering to age 22-36 male demographic is available for acquisition. These businesses are all established in areas that have a dense population of adult males and nearby entertainment districts where traffic is consistently packed with many young adults. Few corporate competitors are placed in the immediate market area of all locations, but the competition lacks in terms of superior food quality as well as a more reasonable price point that attracts many more individuals than the competition. Most of the customers are young adult males aged from 22-36 that live in the surrounding densely populated residential neighborhoods and large groups coming from either the nearby traffic heavy highway or the entertainment district that house many young adults. Consolidated net sales for all DFW locations in the most recent year are around $9,400,000/year which is significantly lower than previous few years due to highway construction and expansion in 2 of the 4 locations. However, the sales are expected to be restored once the highway expansion is complete. The sales and revenue stated herein for two locations have been reflected by using weighted average for past 3 years, which gives 60% on the current year and 20% each for past two previous years. The overall sales of 4th location in San Antonio do not reflect total sales stated due to lack of revenue history and being opened for only few months. Currently, there are few marketing being done including racing car sponsorship, face-to-face interactions, own website, and social media outlet marketing, but more proactive marketing needs to be done especially after completion of highway expansion to bring back customers. Although the sales are increasing naturally over the period of operation, these unique sports bars can tremendously benefit from other active local marketing tactics that will reach the untapped customers within the general area of all business locations. There are many ways to proactively market these businesses such as direct mailing campaign, daily specials, catering services, delivery service, 3rd party delivery service, billboards and full-time owner involvement to manage quality control. Full-time owner involvement will be huge in assisting cutting costs on payroll expenses for unnecessary management and providing better quality services through quality management of the operation. Various menu items are provided at these businesses that can range from appetizers, burgers, sandwiches, salads, nachos, wings, steaks, ribs, low-calorie entrees, lunch specials and desserts. These unique sports bars are in perfect condition for a potential buyer to proactively marketing this business while being fully involved in the day-to-day business operation.

Listing ID #000561
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
150FT/150PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
These businesses are placed in optimal spots where many dense neighborhoods are present as well as nearby entertainment retail businesses that attract many individuals to the area every week. All equipment is in impeccable condition and in working order.
Competition:
Few corporate competitors are within the immediate market area of all locations, but these businesses are known for their superior food quality along with a more reasonable price point that many individuals can easily afford.
Growth & Expansion:
Some marketing has been done through face to face interactions and social media outlets, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers.
Financing:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Retirement
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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